Apple Price Target: $790 Per Share

By Posts At Eventide: I am publishing an updated price target for Apple (AAPL) of $790 per share. This target forecasts a 60% gain in the share price from the closing price of $493.42 on Friday, February 10, 2012. I consider this price target to be moderate based on the expectations of strong revenue and earnings growth over the next 12 months and the low valuation range in which the shares currently trade, despite the recent run-up in price. Over the past 10 trading days, the shares have risen about 10% from the closing price of $447.28 on January 27th to Friday's closing price of $493.42. However, this recent gain is a market response to Apple's strong December quarter outcome and does not represent a new valuation range for the shares. The shares continue to trade at a significant discount to near-term growth.
Apple's Current Valuation
The graph below illustrates, despite the near 100%Complete Story »

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By Posts At Eventide: On February 11, 2012, I issued a revised 12-month price target for Apple of $790 per share. Since that date the share price has risen about 10% to Friday's closing price of $545.18. Over the next twelve months I expect the share price to rise at least 45% from Friday's closing price to reach above my published target.

Apple Inc. (NASDAQ:AAPL) is all set to post its earnings for the first quarter of its fiscal year 2015 (1QFY15) after market closes today. There are strong expectations that the company will beat estimates for revenue as well as number of units shipped, on the back of massive demand for the iPhone 6 and the 6 Plus.
Bidness Etc highlights three key things to look for before the earnings.
Massive iPhone sales

Apple Inc. (NASDAQ:AAPL) will announce 1QFY16 earnings tomorrow after the closing bell. In the past, the company has managed to post hefty beats, courtesy of strong iPhone sales. However, iPhone 6s demand concerns have given rise to speculations that Apple would report its first-ever year-over-year (YoY) decline in iPhone sales this time.

Rumor has it that sales of Apple Inc.\'s (NASDAQ:AAPL) iPhone have reached their peak. However, a global survey by UBS suggested that the tech giant would continue to perform well despite the saturated smartphone market. Though such market conditions may restrict short-term gains and revenues, thereby undervaluing the company, the overall macroeconomic conditions and consumer decisions may favor Apple\'s growth further.

Skyworks Solutions Inc (NASDAQ:SWKS) stock soared during the trading session yesterday after several sell-side firms reiterated favorable ratings on it amid high expectations regarding the company’s quarterly earnings. The stock, which was up 2.3% in pre-market trading, can experience a further rise after the first quarter (1Q) of fiscal year 2015 (FY15) earnings release after market closes today. Skyworks is likely to report better-than-expected results on accord of increasing iPhone 6 sales.

Apple Inc. (NASDAQ:AAPL) stock has begun to recover after being on a decline since the beginning of the year. This is expected to offer investors some relief after a few early unwarranted shocks in terms of price drops.

By Posts At Eventide: Under the headline "Apple Reports Record Results," the company delivered what appears at first look a modest performance in its December quarter. For the 13-week period ended December 29, 2012, Apple (AAPL) reported revenue of $54.512 billion and earnings per share of $13.81. The outcome represents revenue growth of 17.65% over the prior-year period and a slight decline in earnings per share from $13.87.

By Posts At Eventide: Last fall I dubbed Apple's December quarter "The Monster Quarter". The company's December quarter performance lived up to the name. In the 14-week period ended December 31, 2011, Apple (AAPL) reported recognized revenue growth of 73.27% to $46.333 billion and eps growth of 115.71% to $13.87.